Property briefs

Stockland Group has released a replacement bidder’s statement for Aevum. The changes highlight that Stockland’s $1.50 per share offer is at a premium to Aevum’s share price prior to the announcement of the offer. Since Stockland’s offer was formalised on August 2, Aevum has traded above the $1.60 mark. The previous bidder’s statement urged Aevum shareholders to accept Stockland’s offer “to maximise the value of your Aevum shares”, but it has now been scaled back to say “Stockland’s directors strongly encourage you to accept the offer for Aevum shares”.